The Foyle MLA said that he has had detailed discussions with the Secretary of State and the Irish Government about significant projects that will contribute to community and economic transformation.
He said: “It’s clear that if a Brexit deal can be done, there will be additional resource for Northern Ireland.
“This money cannot be a slush fund for the DUP to dole out – we have communities in need and projects that will enhance our economy, create jobs and improve life for people across the North.
“I have been having detailed discussions with the Secretary of State and with the Irish Government about priority projects that will transform those communities with the greatest objective need.
“That includes our long campaign for the significant expansion of Magee including a Graduate Entry Medical School in Derry, giving our young people the opportunity to build a life at home and creating a new supply of skilled doctors for communities in the North West.
“It also includes vital investment in our roads and transport infrastructure to attract high quality new jobs, stemming the flow of talent out of our city.
“And it includes the creation of specialist new facilities to support those who suffer from addiction, acknowledging the unique circumstances of many communities here.
“We don’t need another slush fund.
“We don’t need another big figure with no impact on the lives of hardworking people.
“We need a transformation package that will allow us to stand on our own two feet and meet the needs of our people.
“I have left the British Government in no doubt about what is needed,” added the SDLP leader.